HOPS, Siemens sign EUR 5 million contract under Sincro.Grid project
Croatian transmission system operator (TSO) HOPS and technology company Siemens have signed a contract on deploying a variable shunt reactor at transformer station TS 400/220/110 kV Melina, as part of the implementation of the EU-backed smart grid project Sincro.Grid, according to a press release on HOPS’ website.
The value of the contract to deploy the variable shunt reactor is HRK 36.5 million (about EUR 4.93 million), and the deadline to complete the works is 15 months.
The Sincro.Grid project has been developed though cooperation between Slovenian and Croatian TSOs and distribution system operators (DSOs), with the aim of resolving the challenges in power grid management and removing transmission bottlenecks, in what should ensure a certain level of security in the functioning of the two countries’ grids and create conditions for the intake of electricity from new renewable energy sources, HOPS recalled in the statement.
The contract was signed by Tomislav Plavšić, HOPS’ management board chairman, and Medeja Lončar, Siemens’ CEO for Croatia and Slovenia. Following the signature, Lončar said that the variable shunt reactor will be produced at power transformer factory Končar – Energetski Transformatori, majority owned by Siemens, according to a press release from Siemens.
EUR 40.5 million donation from EU to cover 51% of Sincro.Grid project cost
On May 22, 2017, Slovenia’s transmission system operator ELES, as Sincro.Grid project coordinator, signed a contract with the EU’s Innovation and Networks Executive Agency (INEA) on a EUR 40.5 million donation that should cover 51% of the project cost, Siemens recalled in a press release.
Sincro.Grid will integrate several innovative technologies to ensure that grids have the capacity to efficiently transmit electricity across the border between the two countries, while a new virtual cross-border control center will regulate the flow of electricity from renewable sources, according to a statement on the European Commission’s website following the signature.
The project will ensure that more energy can be generated by smaller, local power sources, and it will also increase energy storage capacity and improve the security of energy supply in the region.